Founder of IKEA Ingvar Kamprad has Died at the Age of 91

Founder of IKEA Ingvar Kamprad has Died at the Age of 91

The founder of IKEA, popular and affordable furniture brand, Ingvar Kamprad has died at the age of 91. Following a short illness, he died on the 27th of January 2018 at his home in Småland, Sweden.

“ IKEA Founder Ingvar Kamprad Died at 91 in Sweden “

One of the greatest entrepreneurs of the 20th century and with a fortune of more than $28 billion before he transferred most of his assets to his children and foundation, he founded IKEA at the age of 17 in Sweden in 1943. Today, there are more than 412 IKEA stores in 49 markets. Since 1988, he stepped down from operational roles, and continue to contribute to the business as a senior advisor. IKEA is the initials of Ingvar Kamprad (IK) and the names of the farm and village where he grew up , Elmtaryd and Agunnaryd (EA).

Ingvar Kamprad also founded Ikano Group, an international group of companies operating in the areas of finance, insurance, real estate and retail. He was born in 1926 in Småland in southern Sweden.

IKEA offers well-designed, functional and affordable, high-quality home furnishing, produced with care for people and the environment. There are several companies with different owners, working under the IKEA Brand, all sharing the same vision: to create a better everyday life for the many people. There are a total of 412 IKEA stores in 49 markets.

About Ikano Group

Ikano Group is an international group of companies operating in the areas of finance, insurance, real estate and retail.